Simplex and Coretexa team on hosted Swift offering

02 April 2012 | 1601 views | 0Source: Simplex

Simplex, the market leading global transaction services provider, today announced a partnership with Coretexa, a leading provider of operations technology services, to provide a joint Swift connectivity and value-added functionality to buy-side customers.

Coretexa's 'C3' middle office workstation solution supports a range of operational processes, including trade matching, affirmation, confirmation, reconciliation, corporate actions and reporting. The functionality is delivered to the buy-side as a multi-tenant, web-based service that provides comprehensive reporting across all transactions, business events and operational metrics.

Simplex, the 'white-label' managed payments service provider to some of the world's largest transaction banks, enables clients to access SWIFT functionality through the award-winning Simplex Global Transaction Platform (GTP).

The partnership between Simplex and Coretexa will provide existing and future C3 clients with costeffective access to the international SWIFT network, enabling them to benefit from the greater operational efficiencies provided by the Simplex GTP.